Banks in India can be categorized into non-scheduled banks and scheduled banks. Scheduled banks constitute of commercial banks and co-operative banks. There are about 67,000 branches of Scheduled banks spread across India. During the first phase of financial reforms, there was a nationalization of 14 major banks in 1969. This crucial step led to a shift from Class banking to Mass banking. Since then the growth of the banking industry in India has been a continuous process.
As far as the present scenario is concerned the banking industry is in a transition phase. The Public Sector Banks (PSBs), which are the foundation of the Indian Banking system account for more than 78 per cent of total banking industry assets. Unfortunately they are burdened with excessive Non Performing assets (NPAs), massive manpower and lack of modern technology.
India Local Business Listings On the other hand the Private Sector Banks in India are witnessing immense progress. They are leaders in Internet banking, mobile banking, phone banking, ATMs. On the other hand the Public Sector Banks are still facing the problem of unhappy employees. There has been a decrease of 20 percent in the employee strength of the private sector in the wake of the Voluntary Retirement Schemes (VRS). As far as foreign banks are concerned they are likely to succeed in India.
Indusland Bank was the first private bank to be set up in India. IDBI, ING Vyasa Bank, SBI Commercial and International Bank Ltd, Dhanalakshmi Bank Ltd, Karur Vysya Bank Ltd, Bank of Rajasthan Ltd etc are some Private Sector Banks. Banks from the Public Sector include Punjab National bank, Vijaya Bank, UCO Bank, Oriental Bank, Allahabad Bank, Andhra Bank etc.
ANZ Grindlays Bank, ABN-AMRO Bank, American Express Bank Ltd, Citibank etc are some foreign banks operating in India.
Sunday, August 16, 2009
Software Companies
In the present scenario most of the countries over the world have relied upon Indian software company and firms or Software Companies for the software development activities, as the country possesses a global competency in the IT sector.
The Software development company India comprises of businesses related to the production and maintenance of computer software. The roots of the Software Industry India lies in the IT phenomenon. Services regarding software such as training, consulting and maintenance are a part of this ever-growing industry. The Software companies is witnessing a rapid growth and offers lucrative job opportunities making IT a premium career option for the youth. Infact it is one of the fastest growing sector of Indian industry.
India is emerging as a Global IT superpower. The success can be attributed to factor advantage of high quality of software human resources. The Software Industry has succeeded in converting this comparative advantage to increasing exports. More and more companies are receiving the ISO 9000 certification and the day is not far when India will have the highest number of ISO 9000 companies in the world.
Indian Software Industry is estimated to be worth USD 1.2 billion. Unfortunately the growth has been limited to a few cities around Bangalore, Mumbai, Delhi and Noida.
One problem that software companies in India are facing is that of outflow of IT professionals. This can be looked into by ensuring the conditions for investment and growth in the industry are safeguarded by political stability.
Wipro, HCL, Tata Consultancy Services, Satyam computer Services, CMC, IBM etc are some of the major Software development and software consulting firms or companies in India.
The Software development company India comprises of businesses related to the production and maintenance of computer software. The roots of the Software Industry India lies in the IT phenomenon. Services regarding software such as training, consulting and maintenance are a part of this ever-growing industry. The Software companies is witnessing a rapid growth and offers lucrative job opportunities making IT a premium career option for the youth. Infact it is one of the fastest growing sector of Indian industry.
India is emerging as a Global IT superpower. The success can be attributed to factor advantage of high quality of software human resources. The Software Industry has succeeded in converting this comparative advantage to increasing exports. More and more companies are receiving the ISO 9000 certification and the day is not far when India will have the highest number of ISO 9000 companies in the world.
Indian Software Industry is estimated to be worth USD 1.2 billion. Unfortunately the growth has been limited to a few cities around Bangalore, Mumbai, Delhi and Noida.
One problem that software companies in India are facing is that of outflow of IT professionals. This can be looked into by ensuring the conditions for investment and growth in the industry are safeguarded by political stability.
Wipro, HCL, Tata Consultancy Services, Satyam computer Services, CMC, IBM etc are some of the major Software development and software consulting firms or companies in India.
Indian Stock Market Analysis
Indian Stock Market Analysis is about the correct measurement of the trends of various stocks of the leading companies topping the BSE and NSE stock charts. Indian stock market is a volatile market where the shares of the companies are subjected to changes at any point of time. The major stock indices used in the Indian Stock Market Analysis are NSE S&P CNX Nifty 50 index , BSE SENSEX, and others. From an analysis of the share market of India, investors and traders can decide whether the market is a Bull Market or a Bear Market before investing on the shares of their desired companies..
There are about 22 stock exchanges in India which regulates the market trends of different stocks. Generally the bigger companies are listed with the NSE and the BSE, but there is the OTCEI or the Over the Counter Exchange of India, which lists the medium and small sized companies. There is the SEBI or the Securities and Exchange Board of India which supervises the functioning of the stock markets in India.
Other than some restricted industries, foreign investment in general enjoys a majority share in the Indian stock market. Foreign Institutional Investors (FII) need to register themselves with the SEBI and the RBI for operating in Indian stock exchanges. In the Asset Management Companies and Merchant Banking Companies also foreign investments are welcomed. In fact from the Indian Stock Market Analysis it is known that in some specific industries foreigners can have even 100% shares.
They can invest in Euro issues of the Indian companies and also in the Indian funds that is floated abroad. In the last few years with the facility of the Online Stock Market Trading in India, it has been very convenient for the FIIs to trade in the Indian stock market. Reliance Money, Geojit, Sharekhan, Kotak Securities, ICICI Direct are some of them. From an Indian Stock Market Analysis it can be said that the increase in the foreign investments over the years no doubt have accentuated the dynamism of the Indian stock market.
The Indian Stock Market Analysis reports the most heavyweight company to be the Reliance Industries, followed by, the IT majors like Wipro, Infosys Technologies, Tata Consultancy Services and Satyam, ICICI Bank, Bharat Heavy Electricals Ltd., Dr. Reddy's and others.
There are about 22 stock exchanges in India which regulates the market trends of different stocks. Generally the bigger companies are listed with the NSE and the BSE, but there is the OTCEI or the Over the Counter Exchange of India, which lists the medium and small sized companies. There is the SEBI or the Securities and Exchange Board of India which supervises the functioning of the stock markets in India.
Other than some restricted industries, foreign investment in general enjoys a majority share in the Indian stock market. Foreign Institutional Investors (FII) need to register themselves with the SEBI and the RBI for operating in Indian stock exchanges. In the Asset Management Companies and Merchant Banking Companies also foreign investments are welcomed. In fact from the Indian Stock Market Analysis it is known that in some specific industries foreigners can have even 100% shares.
They can invest in Euro issues of the Indian companies and also in the Indian funds that is floated abroad. In the last few years with the facility of the Online Stock Market Trading in India, it has been very convenient for the FIIs to trade in the Indian stock market. Reliance Money, Geojit, Sharekhan, Kotak Securities, ICICI Direct are some of them. From an Indian Stock Market Analysis it can be said that the increase in the foreign investments over the years no doubt have accentuated the dynamism of the Indian stock market.
The Indian Stock Market Analysis reports the most heavyweight company to be the Reliance Industries, followed by, the IT majors like Wipro, Infosys Technologies, Tata Consultancy Services and Satyam, ICICI Bank, Bharat Heavy Electricals Ltd., Dr. Reddy's and others.
Bharti IT contract: TCS, Wipro, IBM, Tech Mah short-listed
Four Indian IT majors have been short-listed for Bharti Airtel's IT contract, sources told CNBC-TV18's Kritika Saxena.
Bharti does have a large outsourcing deal on the block. The deal is basically for the management of its inter-city fibre network. Sources tell us that this deal spans across five years and is valued at between USD 500 million and USD 600 million.
Sources also tell us that ten IT majors have bid for this deal out of which four IT majors have been short-listed. The names that we are picking up are Tata Consultancy Services, Wipro, Tech Mahindra, and IBM. Now, sources tell us that IBM is likely to have an edge over the other IT firms because IBM is already working on an Airtel deal, which is valued at around USD 150 million and spans across six years.
Wipro and Tech Mahindra follow IBM in their presence in the telecom space. When we contacted Airtel to give us a specific on which other IT companies that have been short-listed, Airtel was unavailable for comment.
We also learnt that the earlier contract that IBM had bagged is likely to be extended over a period of couple of years.
R Amarnath, Executive Director and Head-Corporate Finance, Centrum Capital, sees the Sensex trading between 13,500 and 17,000 between now and December.
He sees an increase in issuance from the primary markets. "We are going to see multiple issues in a fortnight or in a month. The size of the issue will also get bigger as some of the public sector undertakings (PSUs) in the pipeline or some of the larger companies in the pipeline get ready to tap the market."
Expert strategies, stock picks to trade mkts next week
Amarnath feels this will result in India being on the top of everyone’s radar. "There would be a kind of follow through effect to the secondary market as well. You would have greater volatility in terms of sell-offs and as valuations come down, there would be a bit of re-stocking and subsequent buying as well."
According to him, the overall allocations towards India should be reasonably positive. "Though, in the next two months the allocations would be largely taken away by the primary market. Overall, allocations - primary plus secondary - would be lower than what we saw in the last 3-4 months. There is going to be some decline, maybe not more than 20-25% primarily because the macroeconomic signals in the US and even in Europe are tending to be more positive than expected. We could see some bit of a capital remaining there rather than getting reallocated to emerging markets."
Deven Choksey of KR Choksey Securities feels the market to bounce off and probably go above 4,700 would really require big amount of triggers. "The possible triggers in September are: A) the end of the monsoon season, if the deficit gap probably narrow down then possibly markets would look up. B) Outcome of the Reliance’s case possibly would once again allow the investors to look at the leaders favourably. C) The amount of money which would flow into this country in subsequent period through initial public offerings and otherwise would once again bring in liquidity."
He sees the markets trading rangebound. "We would probably remain in the range of 4,400 on the downside and somewhere around 4,660 on the upside. This range at the upper end of the band probably would see some amount of profit booking coming in. At the lower end of the band, probably investors would once again get into and start buying into the market."
On trade next week:
Choksey sees the Nifty going to 4470 or 4400 next week. "Next week again the cues are not going to be different. We still have lack of triggers as far as the upside is concerned. Next week is going to be a week in which probably we are going to see a fall, and may be by the middle of the next week, whatever the fall level is either 4470 or little below that to 4400, we should see the support buying emerging. From such a level, once again you should see a corrective upside in market afterwards."
Sectoral strategies/stock picks:
Centrum Capital's Amarnath advises investors to stay underweight on the commodity space, barring energy. "Though you are seeing the bottoming out of the kind of devastation in the Western economies etc, you are not going to see a pick up in consumption because it is going to be jobless stabilization and then possibly a phase of jobless growth, in terms of the economy beginning to recover. Only then you are going to see job creation coming back again which is several quarters away."
On the IT space, he says, "Decisions being taken by customers on order wins for IT companies will be the next driver. Those would be the positive signals in terms of the growth trajectory possibly accelerating a bit. "
Deepak Mohoni of trendwatchindia advises investors to stick to individual stocks. He is bullish on ONGC. "ONGC is the kind of stock which makes step wise upwards moves. It tends to go in a range for a while and steps into a new level. It’s continuing on its long-term uptrend, and doesn’t decline very much. It is a good portfolio stock as it cushions the portfolio during declines and continues to give good returns also."
Choksey feels investors can look at public sector bank stocks at the lower end of the band. "State Bank of India is on my radar. The stock is right now quoting closer to Rs 1,800. May be one may want to get into this stock whenever it starts getting available below Rs 1,700 levels."
According to him, one will get quality stocks at lower levels when you want to buy. "At higher levels, one would have to play very selectively. "One has to book some amount of profit in some of the companies where the valuations go high."
For traders, he advises Reliance from the frontliners. "Around Rs 1,900 is always a good buy as far as Reliance is concerned." Capital goods stocks, he added, are probably offering good trading opportunity at higher levels. "If you sell at higher levels, they would definitely give you the price at lower levels to trade in this market."
Bharti does have a large outsourcing deal on the block. The deal is basically for the management of its inter-city fibre network. Sources tell us that this deal spans across five years and is valued at between USD 500 million and USD 600 million.
Sources also tell us that ten IT majors have bid for this deal out of which four IT majors have been short-listed. The names that we are picking up are Tata Consultancy Services, Wipro, Tech Mahindra, and IBM. Now, sources tell us that IBM is likely to have an edge over the other IT firms because IBM is already working on an Airtel deal, which is valued at around USD 150 million and spans across six years.
Wipro and Tech Mahindra follow IBM in their presence in the telecom space. When we contacted Airtel to give us a specific on which other IT companies that have been short-listed, Airtel was unavailable for comment.
We also learnt that the earlier contract that IBM had bagged is likely to be extended over a period of couple of years.
R Amarnath, Executive Director and Head-Corporate Finance, Centrum Capital, sees the Sensex trading between 13,500 and 17,000 between now and December.
He sees an increase in issuance from the primary markets. "We are going to see multiple issues in a fortnight or in a month. The size of the issue will also get bigger as some of the public sector undertakings (PSUs) in the pipeline or some of the larger companies in the pipeline get ready to tap the market."
Expert strategies, stock picks to trade mkts next week
Amarnath feels this will result in India being on the top of everyone’s radar. "There would be a kind of follow through effect to the secondary market as well. You would have greater volatility in terms of sell-offs and as valuations come down, there would be a bit of re-stocking and subsequent buying as well."
According to him, the overall allocations towards India should be reasonably positive. "Though, in the next two months the allocations would be largely taken away by the primary market. Overall, allocations - primary plus secondary - would be lower than what we saw in the last 3-4 months. There is going to be some decline, maybe not more than 20-25% primarily because the macroeconomic signals in the US and even in Europe are tending to be more positive than expected. We could see some bit of a capital remaining there rather than getting reallocated to emerging markets."
Deven Choksey of KR Choksey Securities feels the market to bounce off and probably go above 4,700 would really require big amount of triggers. "The possible triggers in September are: A) the end of the monsoon season, if the deficit gap probably narrow down then possibly markets would look up. B) Outcome of the Reliance’s case possibly would once again allow the investors to look at the leaders favourably. C) The amount of money which would flow into this country in subsequent period through initial public offerings and otherwise would once again bring in liquidity."
He sees the markets trading rangebound. "We would probably remain in the range of 4,400 on the downside and somewhere around 4,660 on the upside. This range at the upper end of the band probably would see some amount of profit booking coming in. At the lower end of the band, probably investors would once again get into and start buying into the market."
On trade next week:
Choksey sees the Nifty going to 4470 or 4400 next week. "Next week again the cues are not going to be different. We still have lack of triggers as far as the upside is concerned. Next week is going to be a week in which probably we are going to see a fall, and may be by the middle of the next week, whatever the fall level is either 4470 or little below that to 4400, we should see the support buying emerging. From such a level, once again you should see a corrective upside in market afterwards."
Sectoral strategies/stock picks:
Centrum Capital's Amarnath advises investors to stay underweight on the commodity space, barring energy. "Though you are seeing the bottoming out of the kind of devastation in the Western economies etc, you are not going to see a pick up in consumption because it is going to be jobless stabilization and then possibly a phase of jobless growth, in terms of the economy beginning to recover. Only then you are going to see job creation coming back again which is several quarters away."
On the IT space, he says, "Decisions being taken by customers on order wins for IT companies will be the next driver. Those would be the positive signals in terms of the growth trajectory possibly accelerating a bit. "
Deepak Mohoni of trendwatchindia advises investors to stick to individual stocks. He is bullish on ONGC. "ONGC is the kind of stock which makes step wise upwards moves. It tends to go in a range for a while and steps into a new level. It’s continuing on its long-term uptrend, and doesn’t decline very much. It is a good portfolio stock as it cushions the portfolio during declines and continues to give good returns also."
Choksey feels investors can look at public sector bank stocks at the lower end of the band. "State Bank of India is on my radar. The stock is right now quoting closer to Rs 1,800. May be one may want to get into this stock whenever it starts getting available below Rs 1,700 levels."
According to him, one will get quality stocks at lower levels when you want to buy. "At higher levels, one would have to play very selectively. "One has to book some amount of profit in some of the companies where the valuations go high."
For traders, he advises Reliance from the frontliners. "Around Rs 1,900 is always a good buy as far as Reliance is concerned." Capital goods stocks, he added, are probably offering good trading opportunity at higher levels. "If you sell at higher levels, they would definitely give you the price at lower levels to trade in this market."
Thursday, August 13, 2009
NHPC IPO Allotment Chances
NHPC IPO Allotment chances looks good at-least for the retail investors. Taking into consideration the final subscription figures of NHPC IPO the retail segment has been oversubscribed by 3.9 times, QIB by 29 times, Non Institutional segment by 57 times and the Employees segment by 0.5 times.
Retail investors category has got oversubscribed 3.9 times, applicants who have applied for more than 3 lots has definitely got a chance to get NHPC IPO Allotment.
NHPC IPO Allotment will be done through lottery basis and when taking in to account the number of applications received under the retail segment, investors have shown good faith and interest in this issue compared to the other big issues which flopped in recent months. NHPC IPO was fairly priced and investors can definitely hold on this stock for medium to long term for good returns.
Market buzz says that the Allotment of NHPC IPO should be good for the retail investors and everyone who has applied in the retail segment for more than 3 lots should be allotted shares. As the Employees part of the issue has only got subscribed by 0.5 times, the rest of the shares will be made available for the other applicants which increases the chances of the allotment in NHPC IPO to retail investors as well.
Investors who have received shares in National Hydro Power Corporation IPO Allotment can definitely reap money on the listing day as the Grey Market premium of NHPC IPO is quoting around Rs. 10 to Rs.13 .
More information regarding the Nhpc IPO Allotment will be updated soon over here, moreover Nhpc IPO Allotment is expected in the last week of August. Keep visiting for more information on Allotment, Listing & Grey Market prices of NHPC IPO.
Good Luck to all the investors for NHPC IPO Allotment.
Retail investors category has got oversubscribed 3.9 times, applicants who have applied for more than 3 lots has definitely got a chance to get NHPC IPO Allotment.
NHPC IPO Allotment will be done through lottery basis and when taking in to account the number of applications received under the retail segment, investors have shown good faith and interest in this issue compared to the other big issues which flopped in recent months. NHPC IPO was fairly priced and investors can definitely hold on this stock for medium to long term for good returns.
Market buzz says that the Allotment of NHPC IPO should be good for the retail investors and everyone who has applied in the retail segment for more than 3 lots should be allotted shares. As the Employees part of the issue has only got subscribed by 0.5 times, the rest of the shares will be made available for the other applicants which increases the chances of the allotment in NHPC IPO to retail investors as well.
Investors who have received shares in National Hydro Power Corporation IPO Allotment can definitely reap money on the listing day as the Grey Market premium of NHPC IPO is quoting around Rs. 10 to Rs.13 .
More information regarding the Nhpc IPO Allotment will be updated soon over here, moreover Nhpc IPO Allotment is expected in the last week of August. Keep visiting for more information on Allotment, Listing & Grey Market prices of NHPC IPO.
Good Luck to all the investors for NHPC IPO Allotment.
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